A bond with interest coupons that change to preset levels on specific dates. More specifically, the bond pays a given...

A preferred stock that has no redemption date. In other words, this fixed-rate equity instrument allows the holder no participation...

The interest rate that results from converting the stated annual interest rate to a rate associated with a partial period....

It stands for performance linked to equity securities; a synthetic security in which the payoff is based on the performance...

A warrant that never expires and therefore remains valid unless it is actually exercised. This warrant gives the holder the...

The difference between the bond’s price and its equity value or parity, expressed as a percentage: Premium = (convertible price-...

A synthetic security in which the payoff is based on the performance of an individual stock or an equity index....

The spread that would be realized over the whole risk-free spot rate curve if a given risky security such as...

A reverse convertible that is subject to a knock-out barrier and involves the sale (writing) of a knock-out put by...

The spread that would be realized over the whole risk-free spot rate curve if a given risky security such as...